$\text {Table \(35.1\)}$ $\text {Full-Employment Output of Goods}$ Based on the Information in Table 35

question 35

Multiple Choice

$\begin{array}{|c|c|c|}\hline \text { Country } & \text { Tons of Sovbeans } & \text { Computers } \\\hline \text { China } & 100 & 300 \\\hline \text { United States } & 150 & 750 \\\hline\end{array}$

$\text {Table \(35.1\) }$
$\text {Full-Employment Output of Goods}$ Based on the information in Table 35.1, assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods.The opportunity cost of producing 1 ton of soybeans in the United States is

• A)1/5 of a computer.
• B)1/3 of a computer.
• C)3 computers.
• D)5 computers.

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Definitions:

Private Saving

The portion of individuals' or households' income that is not used for consumption or paying taxes, typically used for investment or future spending.

Government Budget

A financial statement presenting the government's projected revenue and expenditure for a specific period.

National Saving

The total amount of savings generated within a country, which includes both private savings by households and businesses, and public savings from government budgets.

Mutual Funds

Investment programs funded by shareholders that trade in diversified holdings and are managed by professionals.